Are trade wars good and easy to win?

Jun 2013
307
87
Earth
#1
Donald Trump tweeted on Mar 2, 2018:


However, his unbridled optimism was dashed on October 11, 2018 when the words BREAKING NEWS continually flashed across the television screen with the following message:

"Dow sheds over 800 points (-831.83), worst drop since February. Worst day for US tech stock since August 2011."

P.S. The "storm" that hit the stock market seemed to be "tremendously big and tremendously wet". :)

DJIA - Dow Jones Industrial Average - CNNMoney
 
Last edited:
Likes: RNG
Jun 2013
307
87
Earth
#2
2. Another day of bloodbath in the stock market, or rather, "waterbath" -- very wet, from the standpoint of water.

Wall Street posts second day of steep losses, falling over 500 points (-545.91).

Instead of threatening he has "a lot more to do" on China trade, Trump should realise he has "a lot more to do" on his own country's economy, otherwise Wall Street can keep falling like "Trumpty Drumpty".

DJIA - Dow Jones Industrial Average - CNNMoney

Trump says he could do 'a lot more' on China trade: Fox | Reuters

Political Satire: The Old Man of the Mountain (-1)
 
Jun 2013
307
87
Earth
#3
3. Dominic Rushe is business editor for Guardian US. He was part of the Guardian team that won the 2014 Pulitzer prize for public service journalism. The following are excerpts from his 20 November 2018 news report under the headline "US stock markets continue to fall, erasing 2018 gains" with the subheading "Technology stocks slid again and fears of a trade war with China worried investors".

(Begin excerpts)
US stock markets continued to fall on Tuesday, wiping out all of 2018’s gains as a side in technology stocks grew into a wider selloff and fears of a trade war with China worried investors.

The Dow Jones Industrial Average lost 555 points in New York, a slide of 2.2% and the Nasdaq, home to Amazon, Facebook and many other tech giants, was down another 1.7% following sharper falls on Monday.

The leading tech companies have now lost a combined $1trn in value since their year highs.

But what started as a sell-off of high-flying tech companies spread on Tuesday as the oil price tumbled and investors sold investments in retailers, energy companies and bitcoin. US markets rallied briefly but have now erased all the gains they have made this year.

Analysts said there were likely to be more wild swings to come. “I don’t think Santa Claus is going to waltz in and give us a rally for Christmas,” said Michael Antonelli, managing director of institutional sales trading at Robert W Baird in Milwaukee.

....stock markets are often a leading indicator of economic trends and investors see trouble ahead.

“Many of the metrics are already at the extremes,” said Jack Ablin, chief investment officer of Cresset Capital. “In many respects we are at the North Pole. No matter what step we take it’s going to be south.”....

Investors have been “throwing growth stocks and tech in the trash”, said Antonelli. “It’s not that there is new news. It’s tension and nervousness.”

The sheer size of the tech companies had propped up the stock market rally and their recent wobbles were exposing “deterioration” in the wider market, said Ablin. Corporate America has been buying its own shares, and boosting share prices as a result, at a record-setting rate – $115bn of stock in the first three-quarters of 2018. The Federal Reserve’s decision to keep rates rising is likely to cap that trend, said Ablin.... (End excerpts)

Source: US stock markets continue to fall, erasing 2018 gains

4. Meanwhile Cryptocurrencies continued to fall on November 20, 2018. Bitcoin, the big daddy of cryptos, had been trading at $4,444, a price last seen in October last year. By the way, 4 and the word "die" have the same pronunciation in Mandarin and some southern Chinese dialects. Hence 4444 sounds like "Die! Die! Die! Die!"

P.S. In his constant braggadocio on March 2, 2018, Donald Trump tweeted that "trade wars are good, and easy to win".

Are huge corporate debts finally worrying stocks? » OfWealth

DJIA - Dow Jones Industrial Average - CNNMoney
 
Nov 2012
38,635
11,355
Lebanon, TN
#5
2. Another day of bloodbath in the stock market, or rather, "waterbath" -- very wet, from the standpoint of water.

Wall Street posts second day of steep losses, falling over 500 points (-545.91).

Instead of threatening he has "a lot more to do" on China trade, Trump should realise he has "a lot more to do" on his own country's economy, otherwise Wall Street can keep falling like "Trumpty Drumpty".

DJIA - Dow Jones Industrial Average - CNNMoney

Trump says he could do 'a lot more' on China trade: Fox | Reuters

Political Satire: The Old Man of the Mountain (-1)

Strange how these Blood Baths began AFTER it was found out Nancy "I want your Crumbs back" Pelosi will be leading the house.
 
Mar 2013
8,358
9,002
Middle Tennessee
#8
Strange how these Blood Baths began AFTER it was found out Nancy "I want your Crumbs back" Pelosi will be leading the house.
The depths to which you will sink are absolutely amazing. The stock market, lead by technology, has been shaky and volatile for weeks now. EVEN YOUR BUTT BUDDY THE DUMBSTER SAID "this is the market correction we've been waiting for" then BLAMED THE FED for it !!!!!! MORE THAN A MONTH AGO !!!
 
Nov 2012
38,635
11,355
Lebanon, TN
#9
The depths to which you will sink are absolutely amazing. The stock market, lead by technology, has been shaky and volatile for weeks now. EVEN YOUR BUTT BUDDY THE DUMBSTER SAID "this is the market correction we've been waiting for" then BLAMED THE FED for it !!!!!! MORE THAN A MONTH AGO !!!

That was 6 weeks ago 10/11/18 when it dropped from his Record High of almost 26,500


Not this current decline.

Thanks for playing.
 
Mar 2013
8,358
9,002
Middle Tennessee
#10
That was 6 weeks ago 10/11/18 when it dropped from his Record High of almost 26,500


Not this current decline.

Thanks for playing.
And there you go LYING AGAIN !!!! It PEAKED in January at 26,600 then crashed down to 23,500 in March. Then peaked again in early October then crashed again down to 24,400 by the end of the month. In other words the whole years has been a roller coaster ride. Trying to blame this on people WHO HAVE NOT EVEN TAKEN OFFICE YET is pure and utter BULLSHIT !!!!!

Of course JUST like your butt buddy the Dumbster YOU WOULDN'T KNOW THE TRUTH IF IT KICKED YOUR TEETH IN !!!

Just more ALTERNATIVE FACTS from TNV !!!!

The FACT is it looks like the second longest bull market in our history is about to END on Trumps watch !!!! END OF STORY !!!
 

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